Managing Agent License to Compute Reserves in Hawaii

Hi Mary Beth,

In Hawaii, managing agents or property management companies that handle homeowners associations (HOAs) must generally hold a valid real estate license or broker’s license, particularly if they are involved in activities like collecting assessments, managing funds, or negotiating contracts. However, computing your annual reserves is a specialized task often tied to financial planning rather than real estate transactions.

Reserve studies themselves are often conducted by professionals with specific training in financial forecasting or reserve analysis. These professionals may not require a real estate license but must be qualified to provide accurate assessments of your association’s future needs.